T-Mobile quarterly profit tops estimates as subscribers grow

T-Mobile quarterly profit tops estimates as subscribers grow

FILE PHOTO: A T-Mobile sign on top of a T-Mobile retail store in Manhattan, New York, U.S., September 22, 2017. REUTERS/Amr Alfiky
NEW YORK: T-Mobile US Inc's quarterly profit topped Wall Street analyst estimates as the No. 3 U.S. wireless carrier raised the lower end of its expected range of customer additions for the year.Net income was US$550 million, or 63 cents a share for the quarter ended Sept. 30, up from US$366 million, or 42 cents a share in the year-earlier period.Revenue was US$10.02 billion, up from US$9.31 billion a year earlier.Analysts, on average, were expecting earnings of 46 cents per share and revenue of US$10.01 billion, according to Thomson Reuters I/B/E/S.The company said it now expects to add 3.3 million to 3.6 million customers who pay a monthly bill, up from 3 million to 3.6 million.(Reporting by Anjali Athavaley; Editing by Nick Zieminski)
Source: Reuters
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